Fairfield Nabs 595-Unit Luxury Housing Complex In Houston

Law360, New York (February 11, 2013, 6:34 PM EST) -- A Fairfield Residential Co. LLC unit has picked up a 595-unit Houston multihousing community from Alecta Houston LLC, deal broker Holliday Fenoglio Fowler LP announced Monday.

Fairfield Woodway Square LLC purchased Woodway Square, a Class A garden-style apartment complex for an undisclosed price, according to HFF, who marketed the property on behalf of Alecta. HFF also helped Fairfield Woodway Square obtain a 10-year floating-rate loan through M&T Realty Capital Corp.

An HFF spokeswoman on Monday declined to comment further on the terms of the deal....
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